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Odometer Rollbacks: A Common Scam Impacting Thousands of Canadians

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CARFAX Canada and OMVIC share tips on how to protect yourself when buying a used car

LONDON, ON, May 11, 2026 /CNW/ – As one of Canada’s leading sources of automotive data, CARFAX Canada is warning used car buyers to be vigilant as odometer tampering continues to put Canadian consumers at risk.

Last year, CARFAX Canada identified 20,642 vehicles with rolled back odometers, flagged through Vehicle History Reports that were ordered in 2025. Today, CARFAX Canada and the Ontario Motor Vehicle Industry Council (OMVIC) are joining forces to warn Canadians.

Odometer tampering, also known as an odometer rollback, occurs when a vehicle’s mileage reading is illegally reduced to inflate its value. It is a serious and ongoing concern for buyers in Canada’s used car market and cannot be spotted without the help of comprehensive data and detection tools available through most licensed mechanics.

“A rolled back odometer can leave buyers paying more than a vehicle is truly worth, mask the normal wear and tear that occurs with higher mileage vehicles, and ultimately hide important information about a vehicle’s true condition,” said Shawn Vording, President of CARFAX Canada. “With many Canadians in the market for used vehicles right now, buyers can take extra precautions like reviewing a CARFAX Canada Vehicle History Report and having the vehicle inspected by a licensed mechanic to buy with more confidence.”

“Odometer tampering is a growing concern, and one we’re encountering more frequently in our investigations, particularly those involving illegal, unregistered sellers,” said Jeff Donnelly, Chief Consumer Protection Officer at the Ontario Motor Vehicle Industry Council (OMVIC). “As more consumers search for lower-priced used vehicles and look beyond the regulated market, the risk of fraud increases. With easier access to tools that can alter digital odometers, this type of deception is becoming more common. The best way to protect yourself is to buy from an OMVIC registered dealer.”

Canadians can help protect themselves when buying a used car by reviewing the pattern of odometer readings in a CARFAX Canada Vehicle History Report (VHR), along with an inspection by a licensed mechanic to help identify signs of tampering and confirm that the vehicle’s wear and tear aligns with the reported mileage.

How to Stay Ahead of Scams

CARFAX Canada and OMVIC recommend the following tips to help avoid used car scams:

Consider buying from a dealer registered with OMVIC or a consumer protection agency in your province as they must follow legal and ethical practices. Use OMVIC’s dealer search tool to confirm the seller is registered.Beware of illegal, unregistered individuals (curbsiders) who sell cars illegally and might misrepresent the real condition of the car, turn back the odometer or hide major issues.Be cautious if the transaction makes you feel uneasy: Illegal sellers and scammers often use high-pressure tactics to rush decisions.If buying privately, take extra precautions to verify the owner of the vehicle: Ensure that the seller’s identity matches the vehicle’s registration documents.If the deal seems too good to be true, do your research and trust your gut.If possible, bring a friend or family member; they may notice something you don’t.Inspect the vehicle in person, always get a licensed mechanic to inspect the vehicle, and take it for a proper test drive.Do not leave a deposit or pay in full for the vehicle using suspicious links or apps.Check all paperwork and obtain a CARFAX Canada Vehicle History Report and VIN Fraud Check. This helps verify that the vehicle’s history matches with what the seller advertises.When in doubt, walk away.

Beware of Other Common Used Car Scams in Canada

VIN Cloning or Re-Vinning

VIN cloning or re-vinning is a form of auto fraud where a vehicle’s VIN is illegally copied or “cloned” onto another vehicle to cover its identity. In many cases, cloned VINs are used to conceal and re-sell a stolen vehicle, and if you buy one, it could be seized by authorities, leaving consumers to bear the full financial burden and other potential adverse consequences.

Undisclosed History

Beyond odometer fraud and VIN cloning, buyers should also be aware of several other types of undisclosed vehicle history that can lead to serious problems:

Hidden Accidents or Damage

A vehicle’s accident or damage history does not necessarily disqualify it from purchase. The critical factor is knowing about any previous damage, so buyers can confirm it has been repaired properly. Undisclosed damage can pose significant safety risks and lead to costly repairs, reduced resale value, insurance issues, and mechanical failures.

Undisclosed Salvage and Rebuilt Branding or Title Washing:

Criminals may move salvaged vehicles across the country to hide their history and re-sell them with fake documentation or a clean title – this is known as title washing. Unknowingly buying a rebuilt or salvage vehicle may quickly turn into long-term financial, legal and insurance headaches. 

Undisclosed Liens

In the past year, CARFAX Canada found that 40% of lien checks conducted through its platform had revealed outstanding debt attached to the vehicle. While liens are common, buyers may become responsible for the debt if purchasing a vehicle with a lien without knowing. If a lien is not paid off before transferring ownership, the lender can repossess the vehicle, leaving the buyer on the hook for paying off the money owing on the vehicle.

A CARFAX Canada customer shared how a Vehicle History Report helped them avoid a costly mistake. Kenny from Alberta said: “We almost purchased a used vehicle and had even negotiated a price. We decided to give it one more check and discovered the vehicle had an odometer rollback issue. Without the report we would never have known, and it saved us a lot of headaches and money!”

CARFAX Canada searches billions of data records across North America and provides comprehensive vehicle history, market insights and vehicle valuation data to help millions of people make decisions about cars.

About CARFAX Canada
CARFAX Canada, a part of S&P Global (NYSE: SPGI), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.

Connect with CARFAX Canada on Instagram, Facebook and LinkedIn.

SOURCE CARFAX Canada

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

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